Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (2846)	10/15/2001 5:35:27 PM
From: isopatch	Respond to of 36161

Chas Biderman of Investment Trimtabs seems to have the same read that I've been posting about he markets since I went to a high cash level a week ago. Here's a quote from is comments on Saturday. <We turn cautiously bearish from neutral. Last weeks rally appears to us to have been generated by Wall Street “professionals” realizing that the world was not coming to an end after the September 11 events and re-invested the money pulled out the first week trading resumed as well as by covering shorts.> Isopatch

To: isopatch who wrote (2846)	10/16/2001 10:41:49 AM
From: John Pitera	Respond to of 36161

Iso, wise idea to not try to catch the falling knives.!! Crude looks like it does want to go down and look at that 20 dollar level, or even 19. There was a great article in Barron's this spring, where the analyst had a very persuasive argument about how long the lag time was between production and consumption changes and price stabilization, when the dynamics shift. He was looking for crude to move to $19 by the first part of 2002, and that's what appears to be happening. It will certainly be a wildcard if there is a bigtime Middle eastern supply disruption. the Natural Gas forward strip is more bullish than crude's. we may not seen NG under 2.50 much anytime in the coming year. John